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Trend Trading All Pairs

  • #881
  • Dec 9, 2009 11:11am Dec 9, 2009 11:11am
Hi
I am new to Forex and try to learn more.

Can any one let me know what are the small circle on ltop eft hand side of the charts, where do I get dash board indicator, whole number indicator and ADR indicator.

I will appreciate your help.

Thanks
  • #882
  • Dec 9, 2009 11:11am Dec 9, 2009 11:11am
Quoting Custos
Hi,
I got a new trade coming up.
Attached are gbpcad d1 to see that we broke out of a range, and my setup chart H4, which is the range my setup is based on. (I know that we don't have a second low in this range, but the profit potential far outweighs that fact for me).

Right now gbpcad is making a pullback on H1 (trigger chart) and hopefully a continuation.

Now here come my targets.
In this example I have three targets
First one is: 1,696 (80% of extension of the H4 range), here I am gonna take off 50% of my trade
Second one is: 1,6755 (80%...
certainly is worth a try, that looks good to me, I di not see that setup...
  • #883
  • Dec 9, 2009 11:16am Dec 9, 2009 11:16am
Quoting pipnut
So you dropped to the 5M as the trigger chart and the entry would have been at the breakout on the large bearish candle? Or when it passed that prior low from 12:30 GMT?

pipnut
After the H n S formed I was going to incorporate the RN as my trigger bit I missed it because I was on the worng TF. So I did not see the formation until after it broke down a ways, then I noticed I was on the TF for my trigger and when I switched to the right TF the formation was clear as can be and already missed my entry point but I took it anyway because the target would have been the same eitherway and there was still about 60 pips left to the target.

--NM
  • #884
  • Dec 9, 2009 11:26am Dec 9, 2009 11:26am
Quoting Custos
Hi,
I got a new trade coming up.
Attached are gbpcad d1 to see that we broke out of a range, and my setup chart H4, which is the range my setup is based on. (I know that we don't have a second low in this range, but the profit potential far outweighs that fact for me).

Right now gbpcad is making a pullback on H1 (trigger chart) and hopefully a continuation.

Now here come my targets.
In this example I have three targets
First one is: 1,696 (80% of extension of the H4 range), here I am gonna take off 50% of my trade
Second one is: 1,6755 (80%...
Custos,
Are you in profits???
  • #885
  • Dec 9, 2009 11:28am Dec 9, 2009 11:28am
NM,

This trade appears to only have the "1" in the "1,2,3". I don' see the pullback or continuation. Is it that you were using the chart pattern formation instead? Is it that the pullback and continuation is not required and I have the rules wrong? OR is there a 1,2,3 and I am not seeing them?

Thank you for clarifying.
BR

Quoting NightMoves
After the H n S formed I was going to incorporate the RN as my trigger bit I missed it because I was on the worng TF. So I did not see the formation until after it broke down a ways, then I noticed I was on the TF for my trigger and when I switched to the right TF the formation was clear as can be and already missed my entry point but I took it anyway because the target would have been the same eitherway and there was still about 60 pips left to the target.

--NM
  • #886
  • Dec 9, 2009 11:34am Dec 9, 2009 11:34am
Quoting Big1red9
NM,

This trade appears to only have the "1" in the "1,2,3". I don' see the pullback or continuation. Is it that you were using the chart pattern formation instead? Is it that the pullback and continuation is not required and I have the rules wrong? OR is there a 1,2,3 and I am not seeing them?

Thank you for clarifying.
BR
BR,
I use more than the 1-2-3 I will use any reversal pattern and this particular trigger chart was showing a HnS formation. The 1-2-3 is another one I use but any reversal pattern can be used, I just really like the 1-2-3 but this time I used the Hns. Hope this clears it up some.

--NM
  • #887
  • Dec 9, 2009 11:36am Dec 9, 2009 11:36am
Quoting NightMoves
Custos,
Are you in profits???
What do you mean?
For that trade gbp/cad trade I didn't enter it yet.

Generally, yes, I am very much in profit. But I am not trading as long as you do. Just over 2 years now, and since one year profitably (with the help of hector)

best regards
  • #888
  • Dec 9, 2009 11:38am Dec 9, 2009 11:38am
I just closed this trade out, it was based on the 30 min TF and it looks like it going to start consolidating again and on that 30 TF this trade has run long enough imo, so second TP was for 34 pips. Not what I wanted but it has lost energy imo at least for the TF I traded.

--NM
  • #889
  • Dec 9, 2009 11:39am Dec 9, 2009 11:39am
Got it


Quoting NightMoves
BR,
I use more than the 1-2-3 I will use any reversal pattern and this particular trigger chart was showing a HnS formation. The 1-2-3 is another one I use but any reversal pattern can be used, I just really like the 1-2-3 but this time I used the Hns. Hope this clears it up some.

--NM
  • #890
  • Dec 9, 2009 11:41am Dec 9, 2009 11:41am
Quoting Custos
What do you mean?
For that trade gbp/cad trade I didn't enter it yet.

Generally, yes, I am very much in profit. But I am not trading as long as you do. Just over 2 years now, and since one year profitably (with the help of hector)

best regards
Oh I thought you took the trade, that is why I asked. Hector without a doubt has a sound system for sure.

--NM
  • #891
  • Dec 9, 2009 11:45am Dec 9, 2009 11:45am
Quoting NightMoves
Oh I thought you took the trade, that is why I asked. Hector without a doubt has a sound system for sure.

--NM
Yeah it is just about to trigger, my entry price is 1.7095

best regards
  • #892
  • Dec 9, 2009 11:58am Dec 9, 2009 11:58am
Did someone throw a switch and turn off the market?

pipnut
Even a blind squirrel finds a nut sometime.
  • #893
  • Dec 9, 2009 12:01pm Dec 9, 2009 12:01pm
Quoting pipnut
Did someone throw a switch and turn off the market?

pipnut
The London session is closing down for the day that is one reason I closed my trade. Now only the NY session is running until sydney comes on line..
  • #894
  • Dec 9, 2009 12:06pm Dec 9, 2009 12:06pm
I missed a nice setup on the A/U pair just a few moments ago, all well another perfect 1-2-3 on the 30 min TF...

--NM
  • #895
  • Dec 9, 2009 12:18pm Dec 9, 2009 12:18pm
I hate it when the setups happen at the end of a large session there never seems to be enough volume to move it, and I suppose the NY ppl are out getting lunch for the next hour maybe they will push it over the edge this afternoon....
  • #896
  • Dec 9, 2009 12:24pm Dec 9, 2009 12:24pm
Quoting NightMoves
I missed a nice setup on the A/U pair just a few moments ago, all well another perfect 1-2-3 on the 30 min TF...

--NM
Whilst there was a setup on the 30M chart the 60M chart was also setup but had'nt given a bpc at or after the tl on the 15M trigger at that time so.....
does this mean that you are always willing to drop down to a 30/5 to get a closer 123 at the trendline?
  • #897
  • Dec 9, 2009 12:27pm Dec 9, 2009 12:27pm
Quoting glynnt
Whilst there was a setup on the 30M chart the 60M chart was also setup but had'nt given a bpc at or after the tl on the 15M trigger at that time so.....
does this mean that you are always willing to drop down to a 30/5 to get a closer 123 at the trendline?
Yes it was setup on both but I zoomed in a little further to get a closer at the PA. I saw the 1hr had a 1 bar pullback but I just needed to look a little closer at it. Make sense?

--NM
  • #898
  • Dec 9, 2009 12:32pm Dec 9, 2009 12:32pm
Quoting NightMoves
Yes it was setup on both but I zoomed in a little further to get a closer at the PA. I saw the 1hr had a 1 bar pullback but I just needed to look a little closer at it. Make sense?

--NM
Yep, thanks.
  • #899
  • Dec 9, 2009 12:41pm Dec 9, 2009 12:41pm
Well, the big boys in Manhattan should be back to their boards loaded up with liquid lunches anytime now. We'll see what they do to the market.

I had two trades running on the E/J, closed one at +20, the other sitting around +30. I was getting seasick from the up and down motion and I wanted the other trade to move so I closed part of my position.

pipnut
Even a blind squirrel finds a nut sometime.
  • #900
  • Dec 9, 2009 12:42pm Dec 9, 2009 12:42pm
Quoting opfat
So what would u say happened to EU after Euro session opened. it just that i'm becoming more confused by the day
HI opfat,

Sorry I did not see your post until just now, I think what happened was it hit the ADR and shot back up rather quickly, by the looks of things it has even exceeded the ADR with that run.

--NM
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